Northern Trust Corp (OQ:NTRS)
Business Focus: Investment Management & Fund Operators
| Sector: Financials | Industry: Investment Management & Fund Operators |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 50 S Lasalle St CHICAGO IL 60603 |
| Tel: | N/A |
| Website: | https://www.northerntrust.com |
| IR: | See website |
| Key People | ||
| Michael G. O'Grady Chairman of the Board, President, Chief Executive Officer | Peter B. Cherecwich Executive Vice President, President - Asset Servicing | Jason J. Tyler Chief Financial Officer, Executive Vice President |
| Clive Bellows President - Europe, Middle East and Africa | Jordan Kiel President - Georgia Market | Dotti Reeder President - Dallas-Fort Worth |
| Alexandria Taylor Chief Human Resource Officer, Executive Vice President | Thomas A. South Executive Vice President, Chief Information Officer | Mark C. Gossett Executive Vice President, Chief Risk Officer | Susan C. Levy Executive Vice President, General Counsel |
| Business Overview |
| Northern Trust Corporation is a provider of wealth management, asset servicing, asset management and banking solutions to corporations, institutions, families, and individuals. The Company's segments include Asset Servicing and Wealth Management. Asset Servicing is a global provider of asset servicing and related services to corporate and public retirement funds, foundations, endowments, fund managers, insurance companies, sovereign wealth funds, and other institutional investors around the globe. Asset servicing and related services, including custody; fund administration; investment operations outsourcing; investment management; investment risk and analytical services, and employee benefit services. Wealth Management segment provides trust, investment management, custody, and philanthropic services; financial consulting; guardianship and estate administration; family business consulting; family financial education; brokerage services; and private and business banking. |
| Financial Overview |
| For the three months ended 31 March 2024, Northern Trust Corp revenues decreased 33% to $1.65B. Net income applicable to common stockholders decreased 38% to $196.1M. Revenues reflect Investment Security Gains (Losses) net decrease from $6.9M to -$189.4M. Net income also reflects Compensation increase of 5% to $627.1M (expense), Outside Services increase of 9% to $229.3M (expense), Employee Benefits increase of less than 1% to $101.1M (expense). |
| Employees: | 23,000 as of Mar 31, 2024 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $153,214M as of Mar 31, 2024 |
| Annual revenue (TTM): | $10,438M as of Mar 31, 2024 |
| EBITDA (TTM): | $1,925M as of Mar 31, 2024 |
| Net annual income (TTM): | $934.80M as of Mar 31, 2024 |
| Free cash flow (TTM): | N/A |
| Net Debt Last Fiscal Year: | $135,756M as of Mar 31, 2024 |
| Shares outstanding: | 204,592,000 as of Mar 31, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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